The Ibex hesitates at the end of a week in which it accumulates increases of 12%
This Friday several relevant macro data are published
The Ibex falters this Friday and at this time it rises a slight 0.10%, to 7,735 points. Investors are awaiting macro data (CPI in Spain, GDP in the Euro Zone, University of Michigan index in the US) at the end of a very good week for equities, in which the selective has risen by 12 % after skyrocketing 8% on Monday due to the good news about the Covid vaccine. In the last session, the Spanish index took a break.
IBEX 35
11.656,600
-
0,39%44,90
- Max: 11.674,00
- Min: 11.520,90
- Volume: -
- MM 200 : 11.125,61
Wall Street fell 1% on average yesterday and Asia has experienced a day with a clear predominance of declines. Donald Trump has banned investing in Chinese companies that the US believes are collaborating with the Chinese military. The decision prevents Americans from buying shares in these types of companies. The veto on purchases takes effect on January 11. Now it will be necessary to see if Joe Biden applies this law or repeals it.
On the other hand, this Friday 'The Wall Street Journal' publishes that it was the Chinese president himself, Xi Jinping, who ordered the suspension, a day before, of the And Group IPO. In addition, the US is backing down and will void Trump's order to close TikTok.
Investors are also aware this Friday of the evolution of the coronavirus, especially in the United States, as new daily cases of the virus continue to increase in the country, setting new records. The president of the Federal Reserve (Fed), Jerome Powell, said this Thursday in the framework of the meeting of central bankers that "the next months could be difficult" in spite of the recent events regarding the vaccine.
"From our point of view, it is too ponderous to confidently assess the implications of the news for the economy, especially in the short term," Powell said of the vaccine.
In the United States, New York could consider the possible closure of its schools, while Chicago Mayor Lori Lightfoot announced the publication of the stay-at-home notice for all Chicagoans for a period of 30 days, asking everyone to cancel their Thanksgiving Day plans and stay home except to work, go to school, or buy food.
"This late-day US announcement accelerated market weakness, increasing declines at the close and putting money back in the bond market, as well as the US dollar and gold," says Michael Hewson, CMC's chief analyst. Markets.
"Despite all the optimism about the vaccine, the reality is that the Pfizer announcement has not been able to put an end to what is currently happening throughout Europe, as well as in the US, in terms of a sharp increase in rates. of coronavirus infection, hospitalizations and, ultimately, a sharp increase in mortality rates, "he adds.
